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Three-Bedroom Multifamily Community
For Sale
$2,900,000

225 Iris Ln, Crossville, TN 38555

For sale with fourteen 3-bedroom, 2-bath units on one tract, including units built in 2022 and completed in 2025.

Property Size1,008 SF
Price / SF$2,876
Days on Market143

Property Features for 225 Iris Ln

General Information

Standard status Active
Size 1,008 SF
Property subtype Multi-Family

Building Details

Year Built 2022
Listing Agency: WEICHERT, REALTORS Joe Orr & Associates
Listed By: Brian BB Brown · License #278045
Source: Shearonsellsteam
Added: Apr 24 Changed: Sep 8 Last Checked: Sep 12 at 12:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT, REALTORS Joe Orr & Associates

Investment Insights

Based on property information with market context.

This for-sale multifamily property features fourteen units, each with a 3-bedroom and 2-bath layout, all located on one tract of land. According to the remarks, nine units were built in 2022, and six units were completed in 2025.

The address is 225 Iris Lane, Crossville, Tennessee 38555. Per the seller’s instructions, please do not approach any tenants, and all showings must be coordinated with the listing agent.

The offering is presented as a single-property acquisition of multiple residential units under one ownership arrangement, with construction staged across 2022 and 2025.

Key Highlights

  • Fourteen 3‑bedroom, 2‑bath units on one tract
  • 9 units built in 2022
  • 6 units completed in 2025

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Computer & Electronic Repair Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

601
Businesses Nearby

Demographics for 38555, TN

19,930
Population
10,104
Households
2
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
92.3 sq mi
ZIP Area
216
Density / Sq Mi
$55,286
Median Household Income
$31,571
Median Earnings
$794
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - For sale with fourteen 3-bedroom, 2-bath units on one tract, including units built in 2022 and completed in 2025.
Where is this apartment building located?
The property is located at 225 Iris Ln Crossville, TN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fourteen 3‑bedroom, 2‑bath units on one tract; 9 units built in 2022; 6 units completed in 2025
More about this property
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